Salt Lake evening Democrat. [volume] (Salt Lake City, Utah) 1885-1887, 1887-02-23
BUSINESS AND MINING NOTES.
The OutlOOk-ImpOrt OF GOld-Lcnd
Market-Demandf for Gold Mines
and Observation-Disclosures shares.

Again the sun is out in his glory with
notice to quit orr winter grumblng and
prepare Tor a more active mining and
business campaign than ever before.
While Gentiles are somewhat in the fog
as to the determination Of the Church to
counsel perjury by directing the obedient
rank and file to take the test oath, il
there can be obtained reinforcement OF
loyal men from the States, who come
| prepared to make "a stake in Utah, VIC
tory at the ballot box will come with the
new bill in the near future. Now is the
time to invest in Utah. for she is going
to clear herself from church shackles
1t is only question of time and short
time at that. A fruitful field for labor
and capital awaits their arrival. The
foundation Of rich and noble common
wealth is to be laid and young ambitious
men will find here material and political
attractions
The imports OF gold from January LIST
to February 10th inst, amounted to
1925, ISL The demand in New York
for shares in regular dividend paying
mining stocks is large and steady.
The lead market was quiet in New York
during the first half OF this month and
prices advanced. Indications point to a
steady market and fair prices.
The Mining Record OF the 18th inst.
speaks OF numerous inquiries after the
industrial present and future promise OF
the Coventry Mining and Milling com
pany OF Utah. DO any OF our readers
know of this corporation? The same
paper says that the interest felt in Lon
don for some time, in gold mining enter
prises, appears to be undated. The
Southern Utah Times finds time to say
Dick Lipscomb and Frank Hewson
have begun work upon the Nabob, in
Beaver Lake district. The Nabob is the
mine that yielded fortune to Andy
Lochrie six years ago.
The Dick Taylor claim in which Gilt.
Byram is interested is one oil the many
fine properties contiguous to the great
Horn; one OF the claims which will some
day be known as one OF the Horn-Lode
group OF silver producers.
Dick Grace and Dick Lipscomb have a
splendid prospect in the Uncle Sam
claim, eight mica beyond Antelope
Springs, sixteen miles from Frisco. They
have uncovered Il l0-foot surface ledge,
samples OF which show horn silver and
give forge assays Of silver buttons
Grace claims that it is the Horn Silver
ledge.
The Horn has another three-car ship
ment ready to add to their 400-ton out
put since the recent shipments began
The public regards the present Horn
movements with suspicion. Several OF
the oldest hands have been laid off, the
night shift abandoned and reduction OF
the superintendent pay to $50 from a
former wage of $500 per month, this be-
ing in keeping with the general retrench-
ment. While prospecting during the
last few months, enough good ore has
been taken out to pay working expenses,
and present probing in the old work
ings proves the possibility OF produc
ing profitably ii properly pushed.
The superintendent is quoted as saying to
the manager: 81 can find room for
seventyfve men," 1t is understood that
since their Transformed stock disaster,
which followed upon their mine caving
through acknowledgement, the company
has been compelled to creep, ii move at
all. But regardless OF what has been
done or may be done, the Horn is beyond
a doubt, one OF the biggest bullion beds
on earth, and an able, active management
will some day open to the world sec
ond Comstock on the Horn Silver ledge.
The ore product OF the Paradise Valley
mine for the week ended February 9TH
was valued at $4,000.
Regular shipments OF ore are made
from the Pennsylvania mine, Humboldt
county.
Twenty-three bars OF bullion, valued
at $50 ,4O6.33, were received from the
Con. Cal. IL Va. on the February ac-
count. The product for January amounted
to 1912 ,S02.S2.
a body OF ore superior to any yet
found in the property has recently been
struck in the Pittsburg Consolidated
mines, near Battle Mountain